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21 Jun 2021

Financial Markets

The Baht tumbled while the SET dropped below 1,600 points, pressured by numerous factors


The SET dropped sharply throughout the week on sell-offs by institutional and foreign investors due to concerns over a sooner-than-expected increase in interest rates as signaled by the Fed, the prolonged and intensified outbreak of COVID-19 at home, the MPC’s downward revision of its Thai economic growth forecast, as well as the possibility of lockdown in some areas to control the spread of COVID-19. These factors fueled widespread sell-offs in all sectors this week.  

Financial Markets